Insurance Regulation
The P/C Insurance Market’s Top Market Conduct Issues
The U.S. insurance industry's top compliance shortcomings relate to claims handling noncompliance, including timeliness, required disclosures, payments and grievance and appeal processes—as well as ...
China Triggers Another Anti-Graft Effort for Finance Sector
China's ruling Community Party turned its sights on the country's vast financial sector this month, kicking off a new round of a years-long campaign to uncover corruption and illegal dealings. The ...
U.S. Senators See ‘Actuarial Disaster’ on the Horizon With Flood Risk Rating 2.0
U.S. senators from coastal states are predicting "an actuarial disaster" in the future once FEMA's new flood insurance rating systems goes into full swing. In a press call on Sept. 30, Louisiana Sen. ...
Executive Viewpoint: Ethical AI and Data Transparency in Insurance
As environmental, governance and social (ESG) concerns permeate corporate agendas, businesses of all types need to be especially sensitive about how they use customer data. Insurance companies are ...
Florida Policies in Limbo Over Proposed Insolvency Surcharge
The Florida Insurance Guaranty Association is urging insurers to hold off on sending homeowners policy renewals until state regulators decide if they will approve a surcharge on premiums to help ...
EU Eases Insurance Rules With $141 Billion Economic Boost
The European Union proposed changing the bloc's capital rules for insurers on Wednesday to release 120 billion euros ($141 billion) for repairing an economy hit by COVID and to meet climate goals ...
China Regulator Reportedly Probing Ping An Insurance’s Property Investments
China's banking and insurance sector regulator is probing Ping An Insurance Group Co of China Ltd's investments in the property market, two people with knowledge of the matter said, after the firm ...
UK Insurers Hit With Final Warning Over Car, Home Policies
Insurers in Britain that are not ready to implement tougher 'value for money' rules on car and home policies could face disciplinary action, the Financial Conduct Authority said on Wednesday. The FCA ...